Introduction to the Order Defaults

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The Order
Defaults window is used to define order templates. Order template
functionality allows you to establish custom order variables at
the market, product, and product type level. These variables include
the type of order, maximum order sizes, time-in-force restrictions,
additional order qualifiers and more. Configuring this information
in the Order Defaults window allows you to automatically
pre-load the trading window with the information relevant to the
selected template. This saves time and ensures accuracy since there
is no need to manually enter the information prior to executing
a trade.

You can access the Order
Defaults window from the X_TRADER Control Panel | Settings menu
| Order Defaults.

The Order
Defaults window is show below. Each row is referred to as an Order
Template. The first row is the <Default> order template
and cannot be renamed or deleted. The Order Defaults window
provides several pre-defined templates which you may edit. You may
also create your own customized order templates.

Order Defaults Window

X_TRADER uses a matching algorithm
to determine how to seed an order template in the trading window.
Fields considered in the matching rules include Template, Product, Market,
and Product Type. When these key values are matched, the
corresponding order template seeds specific values in the trading
window, similar to how a customer profile is seeded.